Multiple Choice
Given a 7 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,500, and $1,500.
A) $3,967.06
B) $4,351.50
C) $4,859.81
D) $5,207.00
Correct Answer:
Verified
Correct Answer:
Verified
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